Amended Announcements Please refer to the earlier announcement reference number: LIP-26012017-00001
Adjustments to the number and exercise price of outstanding five-year warrants 2017/2022 ("Warrants B") as specified in the deed poll dated 20 January 2017 ("Deed Poll"), as a consequence of the consolidation of every twenty-five (25) ordinary shares in Lagenda Properties Berhad (formerly known as D.B.E. Gurney Resources Berhad) ("LPB") ("LPB Shares") into one (1) ordinary share in LPB ("Consolidated Shares") at 5.00 p.m. on 6 August 2020 ("Book Closure Date") ("Share Consolidation")
Pursuant to the Share Consolidation, the exercise price of the outstanding Warrants B will be revised from RM0.05 to RM1.25 each while 23,225,777 Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 7 August 2020 (collectively referred to as the "Adjustments"). Further, in accordance with the provisions of the Deed Poll, the Adjustments will take effect from 7 August 2020 being the next market day following the Book Closure Date. The notice to the holders of the Warrants B (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 6 August 2020.